Answer:
B
Explanation:
A currency appreciates when its value increases.
For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.
So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.
As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase
Answer:
C.
Explanation:
The law of demand states that when the price of a good or service increases, the quantity demanded decreases and when the price decreases the quantity demanded increases (other things constant).
Is not option A because it says changes in income and not changes in prices. Is not option B because it says the opposite that the law of demand states: when the muffins price is low, Melissa buys fewer than when the price is high. Is not option D because the law of demand is not directly related with substitute goods. It is option C because when the price is low ($0.25) Dave buys more donuts than when the price is high ($0.50)
Answer:
$206,196.38
Explanation:
Calculation to determine what will be the amount of their loan
Loan Amount=($210,000 × 0.965)+[($210,000 × 0.965)×0.0175]
Loan Amount=$202,650+ ($202,650 × 0.0175)
Loan Amount=$202,650 + $3,546.38
Loan Amount= $206,196.38
Therefore What will be the amount of their loan is $206,196.38
Answer:
Difficult entry
Mutual interdependence
Either homogeneous or differentiated products
Explanation:
A monopolistic market structure refers to the market where there is a small number of firms, mutual interdependence, a high degree of competition, and some level of difficulty in entering the market.
Since there are only a few firms in the market, the economic decisions of a firm affect its rivals. So the firms are mutually interdependent on each other and a firm has to consider the reaction of its rivals before making a decision.
The firms can either produce homogenous products or differentiated products. The high degree of competition makes it a little difficult for new firms to enter the market.
Answer:
(A) True
Explanation:
Social media marketing is a strategic and cost-effective way of reaching out to the audience through the platform of social networks. And it will involve using phones (and other electronic gadgets) to build virtual communities that allow consumers to express their needs, wants and values, online.
